Goody's Q2 sales rise 3.5%

NEW YORK (CBS.MW) -- Goody's Family Clothing
gdys
said total sales for the fiscal second-quarter increased 3.5 percent over year-earlier period to $294 million, roughly in line with the average analyst forecast compiled by Reuters Research of $294.5 million, while same-store sales rose 2.3 percent. For the month of July, total sales rose 2.4 percent to $92.3 million and same-store sales increased 0.9 percent. The discount apparel retailer added that inventory levels at the end of the month were "close" to plan, and "modestly" higher than year-earlier levels. The stock closed Wednesday down 25 cents at $8.

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